A Project Study Report On Training Undertaken at
“Franchisee & Remiseship Development in Karvy” Submitted in partial fulfillment for the Award of degree of Master of Business Administration
Submitted By:Chetan Daiya MBA Part 3rd
Submitted to:Prof. G.N.Purohit (Director)
VYAS INSTITUTE OF MANAGEMENT
THE CORPORATE PROGRAM of MBA course is a well structured and integrated programme. The course of management gives a practical knowledge in our study course. Industries give us much information about the different product and services we use in our day to day life. It is highly said that “practice makes a man perfect” the summer project training which is a part of M.B.A to get a practical understanding and training of the business management. Thus the industrial training which is a part of M.B.A course helps the student to get the knowledge about the actual environment of an organization. Karvy Stock Broking ltd. is one of such company dealing in Share market Derivatives, Commodities, Mutual fund IPO distribution with almost branches in overall India. It involved the study of Marketing activities of the organization. I have under taken industrial training in Karvy Stock Broking ltd. at Delhi crossing from 27may-2009 to 6-july-2009 as a part of my MBA course curriculum and I thus, present a project report on it at the best of my ability knowledge and work done.
I am really happy and exited in representing this summer training project report before you. I must express my gratitude towards Karvy Stock Broking Ltd, Delhi for giving mean opportunity to work with on this report. And of course I am very much thankful to our honorable Director Prof. G.N.Purohit (PROJECT GUIDE) for giving me opportunity and his guidance help me through out preparing this report. He has also provided me a valuable suggestions and excellence guidance about this training, which proved very helpful to me to utilize my theoretical knowledge in practical field. At last I am also thankful to my friends, to all known and unknown individuals who have given me their constructive advise, educative suggestion, encouragement, co-operation and motivation to prepare this report.
Shares etc. the misconception regarding Share Market should be removed & the awareness for the same should be made. The development is taken place due to the growth in the financial system. No wonder the concept of Mutual Fund was initially developed in the U.EXECUTIVE SUMMARY
India’s economy is highly developing. This financial system provides the background to various investors regarding varied options to invest. I have observed that approximately 40% of the people are unaware of Trading but most of them are interested to know about trading and ready to attend seminar arranged by KARVY. of India. For most people. but the entry of the concept in the Indian Financial Market was in the year 1964 with the formulation of the UTI. money is a delicate matter and when it comes to investing they are wary. development of the economy depends on how these investors invest for the well being in long run. Mutual Funds represent perhaps the most appropriate investment opportunity for investors.
People from service class prefers safety of income plus the regular income as well as tax benefits while on the other hand Professional and Businessman focus on high return with some risk. Thus. They are also interested to work with KARVY if sufficient information is provided to them about Trading and KARVY. investors need a financial intermediary who provides the required knowledge and professional expertise on successful investing. Simply because there are many investment options out there. market. An important question facing many investors is whether to invest in Banks. Fixed deposits. For growth and development of the Stock Market Industry. National Savings. each out promising the other.
. Post office.S. or to invest distinctively in Mutual Funds. Non-banking finance companies. As financial markets become more sophisticated and complex. at the initiative of the RBI and Govt.
Research methodology objective and limitation
Title of the Study Duration of the Project Objective of study Type of Research Scope of study Limitation of study
4. Facts and Finding
Problem definition Research design Source of data Research objective 5
Introduction of the Industry Introduction of the Organization Company Details Where Karvy Stand In The Market? Mission Statement of ‘Karvy’ Karvy Group Company
2. Profile of the broking house in the stock market
Karvy Kotak securities Share khan India infoline Bonanza Reliance money Religare securities India bulls Anand rathi Hem Securities Angel Broking
Recommendation and suggestions 7. Q u e s t i o n n a i r e 8. financial institutions and regulatory agencies. A decade of commitment.2500 Crores. it acts into the Registrar and Share transfer activities and subsequently into financial services and other services like Financial Product Distribution.Statement of problem Objective of the research project
INTRODUCTION COMPANY DETAILS
Karvy Consultants Limited was established in 1982 at Hydrabad. An ISO 9002 Company. company has 230 branch offices in 164 cities all over the India. All along. professional integrity and vision helped Karvy achieving a leadership position in its field when it handled largest number of corporate and retail that proved to be a sound business synergy. Later. In January 1998. Karvy’s strong work ethics and professional background leveraged with Information Technology enabled it to deliver quality to the individual. Corporate Finance. 1. The company service over 16 million individual investors. Karvy became first Depository Participant in Andhra Pradesh. 180 corporate and handle corporate disbursements that exceed Rs.
. It was started with a capital of Rs. Conclusions 6. Demat Services. besides companies. Karvy has evolved as a veritable link between industry.000. At initial stage it was very small in size. Today. Over the past one and half decades. finance and people. Today.50. The company adds 5 new offices every month to the company’s ever growing national network in every nook and corner of the country. Insurance etc. Karvy’s commitment to quality and retail reach has made it an Integrated Financial Services Company. banks. In starting it was only offering auditing and taxation services. Karvy has access to millions of Indian shareholders. Investment Advisory Services. It was established by a group of Hydrabad-based practicing Chartered Accountants.
passion for professionalism. all across the country. both corporate and retail.
. with Karvy’s wide network touching every corner of the country. Being one of the most techno-savvy organizations around helps company to deliver even more cost effective financial solutions in the shortest possible time.WHERE KARVY STAND IN THE MARKET?
KARVY is a legendary name in financial services. Karvy’s credit is defined by its mission to succeed. excellent work ethics and customer centric values. Indeed. What bears ample testimony to Karvy’s success is the faith reposed in company by valued investors and customers. even the most remote investor can easily access Karvy’s services and benefit from company’s expert advice. offering a broad spectrum of customized services to its clients. Services that KARVY constantly upgrade and improve are because of company’s skill in leveraging technology. Today KARVY is well known as a premier financial services enterprise.
Karvy Consultants Limited Karvy Securities Limited Karvy Investor Services Limited Karvy Stock broking Limited Karvy Computer Shares Pvt.
Board of Directors
Karvy Consultants Limited
Parthasarathy C Yugandhar M Ramakrishna M S Prasad V Potluri Robert Gibson Sanjay Kumar Dhir R Shyamsunder
[Table1: BODs of Karvy Consultants Limited]
Karvy Investor Services Limited
Parthasarathy C Yugandhar M Ramakrishna M S
[Table2: BODs of Karvy Investor Services Limited]
Karvy Securities Limited
Parthasarathy C Yugandhar M Ramakrishna M S Ajay Kumar K William Samuel Nicholas Tully [Table3: BODs of Karvy Securities Limited]
Karvy Stock Broking Limited
Parthasarathy C Yugandhar M Ramakrishna M S Ajay Kumar K Kutumba Rao V William Samuel Nicholas Tully
[Table4: BODs of Karvy Stock Broking Limited]
He also holds directorship in KARVY Securities Limited. Director.C Parthasarathy.
M Yugandhar. KARVY Commodities Broking Private Limited. EPR Pharmaceuticals Private Limited and Ocean Sparkles Limited. KARVY Commodities Broking Private Limited. Chairman & Managing Director
Mr. Share Transfer and IPO Distribution businesses. Managing Director
Mr. KARVY Investor Services Limited. KARVY Stock Broking Limited. Bizpro Technologies India Limited. Pokarna Limited. KARVY Stock Broking Limited. Everest Power Private Limited and Green Infrastructure Private Limited. He has helped KARVY diversify into the field of medical transcription leveraging on the company's core competency of transaction processing. Ravindranath G E Medical Associates Private Limited. He is a Fellow Member of the Institute of Chartered Accountants of India and was involved in the statutory and branch audit of banks for 26 years. Managing Director. KARVY Investor Services Limited. Mr. he oversees the group's operations and renders vision and business direction. Executive Director
Mr. C Parthasarathy. M Yugandhar. a Fellow Member of the Institute of Chartered Accountants of India and a graduate in law. Yugandhar holds directorships in KARVY Securities Limited. founder member of KARVY Consultants Limited is the orchestrator of technology initiatives such as the call center in the service of the customer. Ramakrishna is a member of the Hyderabad Stock Exchange and is the director of KARVY Securities Limited. His passion and vision for achieving leadership in the business made KARVY a leading financial intermediary ranking them as number one in the registrar. M S Ramakrishna. a leader in the financial services industry in India is responsible for building KARVY as one of India's truly integrated Financial Services Provider. KARVY Investor Services Limited. founder member of KARVY Consultants Limited. Mr. he is a fellow member of the Institute of Company Secretaries of India.As Chairman and Managing Director. KARVY Computershare Private Limited. KARVY Commodities Broking Private Limited. Nitya Labs Limited and SAB Nife Power Systems Limited.
M S Ramakrishna. He has more than 20
. KARVY Stock Broking Limited. KARVY Computershare Private Limited. KARVY Computershare Private Limited. has varied experience in the field of financial services spanning over 20 years.
Provide high quality of work life for all its employees and equip them with adequate knowledge & skills so as to respond to customer's needs. In the process. suppliers and regulatory authorities) proud and satisfied. Continue to uphold the values of honesty & integrity and strive to establish unparalleled standards in business ethics. Karvy will strive to exceed Customer's expectations. Strive to be a reliable source of value-added financial products and services and constantly guide the individuals and institutions in making a judicious choice of same. Karvy shall aim for complete customer satisfaction.years of experience in the financial services arena. 1 Registrar & Securities Transfer Agents Among the top 3 Depository Participants Largest Network of Branches & Business Associates ISO 9002 certified operations by DNV Among top 10 Investment bankers Largest Distributor of Financial Products Adjudged as one of the top 50 IT uses in India by MIS Asia Full Fledged IT driven operations
To achieve and retain leadership. to provide superior quality financial services. Karvy will : Build in-house processes that will ensure transparent and harmonious relationships with its clients and investors to provide high quality of services. Establish a partner relationship with its investor service agents and vendors that will help in keeping up its commitments to the customers. Strive to keep all stake-holders(shareholders. Quality Objectives As per the Quality Policy. clients. investors. employees.
. Use state-of-the art information technology in developing new and innovative financial products and services to meet the changing needs of investors and clients.
• • • • • • • • • Among the top 5 stock brokers in India (4% of NSE volumes) India's No. by combining its human and technological resources.
” Company’s foray into IT-enabled services and internet business has provided an opportunity to explore new frontiers and business solutions.Mission Statement of ‘Karvy’
An organization exists to accomplish something or achieve something. The mission statement indicates what an organization wants to achieve. Karvy’s mission statement is “To Bring Industry. debentures. And continue to grow at a healthy pace. Karvy work as investment advisor and helps people to invest their money same way Karvy helps industry in achieving finance from people by issuing shares. Finance and People together. “To be pioneering financial services company. mutual funds. fixed deposits etc. To build a corporate that sets benchmarks for others to follow.” Karvy is work as intermediary between industry and people.
Vision of Karvy
Company’s vision is crystal clear and mind frame very directed.
. decade after decade. Company’s mission statement is clear and thoughtful which guide geographically dispersed employees to work independently yet collectively towards achieving the organization’s goals. bonds. The mission statement may be changed periodically to take advantage of new opportunities or respond to new market conditions. year after year.
’ Karvy has started 2004 on a strong note with the realization to signal some of the challenges it faced previous year. In a competitive market and a branded business. There are: • • Winning culture and a desire to excel in everything Karvy do. • • Successful implementation of a carefully crafted
• Excellence in execution.Behind the Picture: What Customers matter for KARVY?
The underlying picture forming answer for above question is given below. These are intangible. Karvy has focused on some of these to gain competitive advantages. 13
. difficult to replicate and thus more sustainable. Karvy need to carefully manage itself to avoid down trading or brand shifts by consumers. For Karvy. Strong meaningful relationships with Customers along with Strategic Partners in which Karvy operate and above all. Jamnagar branch 2003 was truly exhilarating because of: strategy.
OUR COMPETITIVE ADVANTAGE
Some competitive advantages are long lasting. Immense learning enabling to set up a launch pad for revitalizing itself.1 Competitive Advantage of Karvy] Every year with this picture keeping in mind ‘Karvy accelerate with Recovery. Revival and Reappearance. its own staff.
it is the ‘focus on relationships’ which has been the corner stone of satisfying and successful presence in India over many years. Karvy want to create a strong emotional bond with new customers promoted by prevailing customers. This has been possible with deep insight of consumer behavior as well as market demand drivers.Karvy value and carefully nurture relationships with customers. Karvy truly believe that more than technological prowess and business process innovations. understanding of the arena where to operate and quality execution – all thanks to a ‘greater team’ that makes this happen. Karvy’s customers consider themselves part of Karvy family and share their experiences and dreams with other customers and thus Karvy becomes successful not only in relating customers but also gains new customers from satisfied prevailing customers.
protection of resources and safeguarding of assets against unauthorized use.Karvy Values:
Integrity Responsibility Reliability Unity Understanding Excellence Confidentiality Karvy has adequate internal control systems and procedures commensurate with the size nature of its business. These system and procedures provide reasonable assurance of maintenance of proper accounting records. Karvy Consultants Limited has always remained at the helm of organizational affairs. pioneering business 15
Karvy Group Companies
KARVY CONSULTANTS LIMITED As the flagship company of the Karvy Group. reliability of financial information.
the world’s largest registrar. Karvy Stock Broking Limited. work ethic and channels of progress. we service over 6 lakhs customer accounts in this business spread across over 250 cities/towns in India and are ranked amongst the largest Depository Participants in the country. the first of the businesses that we ventured into. we believe that we were best positioned to venture into this activity as a Depository Participant. The Bombay Stock Exchange (BSE). Instead we provide services which are multi dimensional and multi-focused in their scope. Here. our associate and a member of NSE. Creating a plethora of opportunities for the customer by opening up investment vistas backed by research-based advisory services.policies. Helping the customer create waves in his portfolio and empowering the investor completely is the ultimate goal. which are the reasons why it is one of the best in the country. This is what we provide in our Stock Broking services. growth knows no limits and success recognizes no boundaries. With the advent of depositories in the Indian capital market and the relationships that we have created in the registry business. and The Hyderabad Stock Exchange (HSE).
KARVY INVESTOR SERVICES LIMITED
Recognized as a leading merchant banker in the country. KARVY STOCK BROKING LIMITED Member . we have now transferred this business into a joint venture with Computershare Limited of Australia. we are registered with SEBI as a Category I merchant banker. Today. one of the cornerstones of the Karvy edifice. There are several advantages in utilizing our Stock Broking services. the first Depository in the country and then with CDSL (Central Depository Services Limited).Natio nal Stock Exchange (NSE). flows freely towards attaining diverse goals of the customer through varied services. The difference between unpredictability and a safety anchor in the market is provided by in-depth knowledge of market functioning and changing trends. This reputation was 16
. We were one of the early entrants registered as Depository Participant with NSDL (National Securities Depository Limited). It is an undisputed fact that the stock market is unpredictable and yet enjoys a high success rate as a wealth management and wealth accumulation option. With a growing secondary market presence. planning with foresight and choosing one&rsquo. BSE and HSE. We offer services that are beyond just a medium for buying and selling stocks and shares.s options with care. we have transferred this business to Karvy Stock Broking Limited (KSBL). Having emerged as a leader in the registry business.
State Governments. Our team of committed industry specialists. Excellence has to be the order of the day when two companies with such similar ideologies of growth.built by capitalizing on opportunities in corporate consolidations. Our quality professional team and our work-oriented dedication have propelled us to offer value-added corporate financial services and act as a professional navigator for long term growth of our clients.
. seamless service and innovative solutions that are tuned to meet varied needs. Computer share Limited. The future holds new arenas of client servicing and contemporary and relevant technologies as we are geared to deliver better value and foster bigger investments in the business. public and private sector companies and banks. further nurtures this relationship. The worldwide network of Computer share will hold us in good stead as we expect to adopt international standards in addition to leveraging the best of technologies from around the world. we will aim to enrich the financial services industry than before. having extensive experience in capital markets. who include leading corporates. The company that services more than 75 million shareholders across 7000 corporate clients and makes its presence felt in over 12 countries across 5 continents has entered into a 50-50 joint venture with us.
KARVY Computershare Private Limited
We have traversed wide spaces to tie up with the world’s largest transfer agent. joint ventures. get together. foreign institutional investors. privatization and takeover defense mechanisms have elevated our relationship with the client to one based on unshakable trust and confidence. both at the customer and trade levels because of our unshakable integrity. the leading Australian company. de-mergers. divestitures. With our management team completely transferred to this new entity. Raising resources for corporate or Government Undertaking successfully over the past two decades have given us the confidence to renew our focus in this sector. which have earned us the reputation of a merchant banker. spin-offs. in Indian and global markets. Our financial advice and assistance in restructuring. mergers and acquisitions and corporate restructuring. vision and competence. We have also emerged as a trailblazer in the arena of relationships. acquisitions.
technology and infrastructure that comes from being part of the Karvy Group. Here we enable trade in all goods and products of agricultural and mineral origin that include lucrative commodities like gold and silver and popular items like oil. Every move made is a 18
. into a sophisticated and scientific investment option. The legacy of expertise and experience in financial services of the Karvy Group serves us well as we enter the global arena with the confidence of being able to deliver and deliver well. our service meets up to the most stringent of international standards. spanning the length and breadth of India.KARVY GLOBAL SERVICES LIMITED
The specialist Business Process Outsourcing unit of the Karvy Group. Financial and Insurance Services (BFIS). pulses and cotton through a well-systematized trading platform. Leisure and Entertainment. an essentially age-old practice. further supports these advantages. improved accountability and a whole gamut of other advantages. Be it in re-engineering and managing processes or delivering new efficiencies. and domain expertise. Retail and Merchandising. the first and foremost being our legacy of human resources. Regular trading workshops and seminars are conducted to hone trading strategies to perfection. Our wide vertical market coverage includes Banking. We operate in the core market segments that have emerging requirements for specialized services. we are focused on taking commodities trading to new dimensions of reliability and profitability. Our service matrix is holistic with a gamut of advantages. We have made commodities trading. Here we offer several delivery models on the understanding that business needs are unique and therefore only a customized service could possibly fit the bill. Our wide national network. operational cost control. cost savings. Our technological and infrastructural strengths and especially our street-smart skills make us an ideal broker. Our service matrix has permutations and combinations that create several options to choose from. Energy and Utility and Healthcare. Our outsourcing models are designed for the global customer and are backed by sound corporate and operations philosophies.
At Karvy Commodities. Providing productivity improvements.
With the opening up of the insurance sector and with a large number of private players in the business. By setting up a separate entity.calculated one. high net-worth clients and corporates. both in terms of investment pattern and attitude of investors. 19
. India’s largest integrated financial services company. Further. Our wide national network. we will be better positioned to leverage our relationships with the product providers and place the requirements of our customers appropriately with the product providers. In our journey to emerge as a personal finance advisor. we are in a position to provide tailor made policies for different segments of customers. weekly and monthly newsletters. personalized service is provided here by a dedicated team committed to giving hassle-free service while the brokerage rates offered are extremely competitive
Karvy Insurance Broking Limited
At Karvy Insurance Broking Limited. KARVY Realty & Services India Limited carries forward its legacy of trust and excellence in investor and customer services delivered with a passion for services and the highest level of quality that align with global standards. spanning the length and breadth of India. we would be positioned to provide the best of the products available in this business to our customers. calls and intraday alerts. Further. KARVY Realty & Services (India) Limited …………………………………Take a Realty Byte !!! Promoted by the KARVY Group of companies.. personalized service is provided here by a dedicated team committed in giving hassle-free service to the clients
KARVY Realty & Services (India) Limited (KRSIL) is engaged in the business of real estate and property services offering value added property services and offers individuals and establishments a myriad of options across investments. based on reliable research that is converted into valuable information through daily. further supports these advantages. we provide both life and non-life insurance products to retail individuals. insurance is no more seen as only a tax saving product but also as an investment product. financing and advisory services in the realty sector. With Indian markets seeing a sea change.
flows freely towards attaining diverse goals of the customer through varied services. Here.
Stock Broking Services
It is an undisputed fact that the stock market is unpredictable and yet enjoys a high success rate as a wealth management and wealth accumulation option. we make 20
. There are several advantages in utilizing our Stock Broking services. The difference between unpredictability and a safety anchor in the market is provided by in-depth knowledge of market functioning and changing trends. More importantly. one of the cornerstones of the Karvy edifice. We offer trading on a vast platform . Instead we provide services which are multi dimensional and multi-focused in their scope. one of the cornerstones of the KARVY edifice. Creating a plethora of opportunities for the customer by opening up investment vistas backed by research-based advisory services. It creates a plethora of opportunities for the customer by opening up investment vistas backed by research-based advisory services. Helping the customer create waves in his portfolio and empowering the investor completely is the ultimate goal. National Stock Exchange and Bombay Stock Exchange. growth knows no limits and success recognizes no boundaries. This is what we provide in our Stock Broking services. planning with foresight and choosing one&rsquo.KARVY Realty & Services (India) Limited welcomes you to take a reality check on realty options that you can be rest assured of and of course profit from. flows freely towards attaining diverse goals of the customer through varied services.
Welcome to Karvy Stock Broking
KARVY Stock Broking Limited. Here.s options with care. Helping the customer create waves in his portfolio and empowering the investor completely is the ultimate goal. KARVY Stock Broking Limited is a member of: • National Stock Exchange (NSE) • Bombay Stock Exchange (BSE) • Hyderabad Stock Exchange (HSE) Member . growth knows no limits and success recognizes no boundaries. We offer services that are beyond just a medium for buying and selling stocks and shares. Karvy Stock Broking Limited.National Stock Exchange (NSE) and The Bombay Stock Exchange (BSE). which are the reasons why it is one of the best in the country.
SMS.Karvy . Karvy Bazaar Baatein&rdquo. Our foray into commodities broking has been path breaking and we are in the process of converting existing traders in commodities into the more organized mainstream of trading in commodity futures. chat. phone calls etc.trading safe to the maximum possible extent. constant feedback and sound advisory facilities. To add to this repository of information. Consequentially our retail client base expanded very fast. Our Stock Broking services are widely networked across India. our focus will be on the emerging businesses and to meet this objective. In addition. but just a platform to launch further enhanced quality services to provide you the latest in convenient. The Pre-session Report.
. Besides this. which we provide to a spectrum of investors. The Mid-session Report. high-networth or otherwise. and products available in the market. secure result-oriented information on market trends. market analysis and market predictions. timed to arrive during lunch break . called &ldquo. while a weekly report. this success is not our final destination. But true to our spirit. Our highly skilled research team. with equal dedication and competence.. both as a trading and risk hedging mechanism. To empower the investor further we have made serious efforts to ensure that our research calls are disseminated systematically to all our stock broking clients through various delivery channels like email. through daily reports delivered thrice daily . which analyzes the latest stock market trends and takes a close look at the various investment options. keeps you more informed on the immediate trends in the stock market. This crucial information is given as a constant feedback to our customers. customer-friendly stock management. We are assisted in this task by our in-depth research. where market scenario for the day is predicted. we also offer special portfolio analysis packages that provide daily technical advice on scrips for successful portfolio management and provide customized advisory services to help you make the right financial moves that are specifically suited to your portfolio. Over the years we have ensured that the trust of our customers is our biggest returns. we publish a monthly magazine &ldquo. with the number of our trading terminals providing retail stock broking facilities. comprising of technical analysts as well as fundamental specialists. Factors such as our success in the Electronic custody business has helped build on our tradition of trust even more. Our services have increasingly offered customer oriented convenience. where the market and the report itself is reviewed. our specific industry reports give comprehensive information on various industries. we have enhanced our manpower and revitalized our knowledge base with enhances focus on Futures and Options as well as the commodities business. where the market forecast for the rest of the day is given and The Post-session Report. the final report for the day.. In the future. by accounting for several risk factors and planning accordingly. The Finapolis&rdquo.
both find this service very satisfactory. A team of professional and the latest technological expertise allocated exclusively to our demat division including technological enhancements like SPEED-e. Here we understand the customer needs and lifestyle in the context of present earnings and provide adequate advisory services that will necessarily help in creating wealth.Depository Participants
The onset of the technology revolution in financial services Industry saw the emergence of Karvy as an electronic custodian registered with National Securities Depository Ltd (NSDL) and Central Securities Depository Ltd (CSDL) in 1998. The investment planning for each customer is done with an unbiased attitude so that the service is truly customized. This has propelled us to a position among the top distributors for equity and debt issues with an estimated market share of 15% in terms of applications mobilized. The edge that we have over competition is our portfolio of offerings and our professional expertise. Karvy set standards enabling further comfort to the investor by promoting paperless trading across the country and emerged as the top 3 Depository Participants in the country in terms of customer serviced.
Distribution of Financial Products
The paradigm shift from pure selling to knowledge based selling drives the business today. To further tap the immense growth potential in the capital markets we enhanced the scope of our retail brand. we are a powerful medium for trading and settlement of dematerialized shares. we occupy all segments in the retail financial services industry. A wide national network makes our efficiencies accessible to all. Internet access to accounts and an easier transaction process in order to offer more convenience to individual and corporate investors. Offering a wide trading platform with a dual membership at both NSDL and CDSL. Karvy – the Finapolis . besides being established as the leading procurer in all public issues. thereby providing planning and advisory services to the mass affluent. make our response time quick and our delivery impeccable. We have established live DPMs. Judicious planning that is customized to meet the future needs of the customer deliver a service that is exemplary. A 1600 team of highly qualified and dedicated professionals drawn from the best of academic and professional backgrounds are committed to maintaining high levels of client service delivery. With our wide portfolio offerings. The market-savvy and the ignorant investors.
monitoring and managing the portfolio through varied technological initiatives. Covering the latest of market news. investment schemes and research-based opinions from experts in various financial fields. This is made possible by the expertise we have gained in the business over the years. investment options.Our monthly magazine. sector switches etc. The service is backed by a team of dedicated and expert professionals with varied experience and background in handling investment portfolios.
. Here we follow a hard-nosed business approach with the soft touch of dedicated customer care and personalized attention. we deliver advisory services to a cross-section of customers. Our research reports have been widely appreciated by this segment. provides updated market information on market trends.
Under our retail brand ‘Karvy – the Finapolis'.
Private Client Group
This specialized division was set up to cater to the high net worth individuals and institutional clients keeping in mind that they require a different kind of financial planning and management that will augment not just existing finances but their life-style as well. Finapolis. opinions etc.the Finapolis'. They are continually engaged in designing the right investment portfolio for each customer according to individual needs and budget considerations with a comprehensive support system that focuses on trading customers' portfolios and providing valuable inputs. Thus empowering the investor to base every financial move on rational thought and prudent analysis and embark on the path to wealth creation. The investment recommendations given by our research team in the cash market has enjoyed a high success rate. constant updates on their portfolios as well as value-added advice on portfolio churning. trends. The delivery and support modules have been fine tuned by giving our clients access to online portfolio information. planning of business needs and retirement needs and a host of other services. Another venture towards being investor-friendly is the circulation of a monthly magazine called ‘Karvy . all provided on a one-to-one basis. For this purpose we offer a comprehensive and personalized service that encompasses planning and protection of finances.
ANDHRA PRADESH 37 ASSAM 8 BIHAR 10 CHANDIGARH 1 CHHATTISGARH 7 GOA 2 GUJARAT 26 HARYANA 15 HIMACHAL PRADESH 3 JAMMU & KASHMIR 1 JHARKAND 7 KARNATAKA 48 KERALA 24 MADHYA PRADESH 19 MAHARASHTRA 27 MANIPUR 1 MEGHALAYA 1 NEW DELHI 11 ORISSA 13 PUNJAB 11 RAJASTHAN 10 SIKKIM 1 TAMIL NADU 57 TRIPURA 1 UNION TERRITORY 1 UTTAR PRADESH 38 UTTARANCHAL 5 WEST BENGAL 26
Business Associates State Business Associates
ANDHRA PRADESH BIHAR 53 2 24
DELHI GUJARAT HARYANA HIMACHAL PRADESH JHARKHAND KARNATAKA KERALA MADHYA PRADESH MAHARASTRA ORISSA PUNJAB(UT) RAJASTHAN TAMILNADU TRIPURA UTTAR PRADESH WEST BENGAL
7 17 7 1 1 15 29 6 21 3 11 4 8 3 19 5
• • Life Shield Plan Young Achiever Plan Life Long Gain Plan Invest Gain Plan Cash Gain Plan Health Care Plan Swarna Vishranthi Plan Future Confident II Future Confident Secure Confident Plan Wealth Confident Plan 25
• • • • • • • • •
Birla Sun Life
Jeevan Anurag Endowment Assurance Policy Life Gain Plus Life Maker 26
.The complete family protection plan Children's Plan Single Premium Whole of Life Plan Loan Cover Insurance Policy The Money Back Plan Endowment Assurance Plan Unit Linked Pension Plus Unit Linked Endowment Suvidha Plus The Life Guard Plan Cancer Care Diabetes Care Diabetes Care Plus The Conquering Life Plan Kotak Flexi Plan Safe Investment Plan Child Advantage Plan HeadStart Assure Wealth Money Back Plan
ING Vysya Kotak
• • • • • • • • • • • • • • Jeevan Akshay The Bima Gold Plan Jeevan Nidhi Plan Future Plus .• • • • • • • • • • • • • • • • • • • • • • •
Life Companion-Money Back Plan My Child Plan Ladyguard Plan Magnum Multiplier Plus Parivar of the Cholamandalam Parivar .ULPP Jeevan Rekha Plan Jeevan Bharathi Jeevan Shree Policy Jeevan Sathi Plan Jeevan Anand Policy Housing Loans New Child Plan .
ordinarily carrying on business in sale and purchase of securities and is bearing SEBI Registration Number INB 230770138 and carrying on such business in the name and style of Karvy Stock Broking Limited from its registered office at 529. Andhra Pradesh. ( 1signature) 3. Only the first holder signs on the client agreement. member broker # of the National Stock Exchange of India Limited. India (hereinafter referred to as the “member broker”.Life Reliance Life Insurance SBI
• • • • • •
Terms and Conditions
TERMS AND CONDITIONS GOVERNING INTERNET BASED TRADING Please read the following instructions before signing the client agreement 1. ( Total of 10 initials along side markings and at the bottom of each page) 2. Banjara Hills Hyderabad 500 034.• • • • • • • • • • •
Child Money Back Plan Whole Life Plan The Life Gain Plus Policy Magic of Whole Life Easy Life Retirement Plan Life Maker Pension Plan Life Pay Money Back Plan New Life Invest Bhavishya Plan The Yuva Shree:Child Plan Money Guarantee Plan The Setubandhan Plan The Nirvana Plus Plan Health Protector Plan Mahalife Life Insurance Plan Life Plus Invest Assure II
Met . Please read the general instructions mentioned in the instruction booklet
DESCRIPTION OF PARTIES
This agreement is entered into on ----/-----/------. The client agreement should be witnessed 4. which expression shall unless
. Client (first holder) should initial at the places marked with a #.between Karvy Stock Broking Limited. Road No.4.
repugnant to the context or meaning thereof. INTERPRETATION OF RECITALS The recitals form an integral part of this agreement.residing at # Address-------------. F. 6. E. 3. G. 7. C. in relation to the transactions in securities using the online trading facilities that the member broker makes available to them 4. The member broker is satisfied and shall continuously satisfy themselves of the genuineness and financial soundness of the client and investment objectives relevant to the services to be provided. The client is satisfied with the capability of the member broker to deal in securities on behalf of them and the client shall continue to satisfy themselves of the same before executing orders through the online trading facilities of such member broker. including any limitations on that liability and the capacity in which it acts. subject to the terms of the present agreement and the SEBI guidelines in this regard. unless repugnant to the context or meaning thereof. D.1 For the purposes of this agreement 28
. NOW IT IS AGREED BY AND BETWEEN THE PARTIES HERETO AS FOLLOWS: 1. be deemed to mean and include its legal successors and permitted assigns) WHEREAS: 1. The member broker offers online trading services to the client.intending to transact in securities using the services of the member broker. B.
2. AND 2. The member broker has taken steps and shall take steps to make the client aware of the precise nature of the member broker’s liability for business to be conducted. 1. 5. 1. be deemed to mean and include its legal successors and permitted assigns) ------First Holder’s Name------. The client is desirous of investing/ trading in securities admitted for dealing on the National Stock Exchange as defined by the bye-law of the said Exchange through online trading services by the member broker. 1992 . The member broker is a member of National Stock Exchange of India Limited (hereinafter referred to as “the exchange”) and holds a certificate of registration granted under Rule 4 of the Securities and exchange Board of India (Stock Brokers and Stock Sub-Brokers) Rules and Regulations. A. through the online trading terminal of the said member broker (hereinafter referred to as “the client” which expression shall. The member broker and the client are required to enter into an agreement laying down the scope of their authority/ responsibility.an individual s/o -----Father’s / Husband’s Name---------.
. (g) “Depository Participant” or “Designated Depository Participant” means Karvy Depository Participant or any other depository participant as may be specially designated as a Depository Participant by Karvy Stock Broking Limited.(a) “Client” means and includes any individual. 1996 by Karvy Depository Participant in its capacity as a Depository Participant or any other Depository Participant as may be specified by Karvy Stock Broking Limited. (ii) Sale of securities in excess of the securities available in the demat account of the seller on the date when the order is placed on the website. (k) “Margin Trading” refers to trading in securities by paying an advance amount as margin to the member broker in cash and ‘ or as securities. in the Trading Account. at the time when the order is placed on the website. which is linked to the online trading facility through the web-site. and seeks to transact such business in securities through the use of E Trading facilities of the said member broker. who transacts in securities through the auspices of the member broker herein named as such. with whom the member broker has made arrangement in respect of the Online Trading Services to be provided to the clients in terms of the presents. maintained and operated by the clients with a bank in terms of and pursuant to the requirements mentioned in the agreement. a stock broker registered as a Stock Broker in terms of the SEBI (Stock Brokers and Sub-Brokers) Rules and Regulations. (NSE) (e) “Member Broker” is Karvy Stock Broking Limited. in the following events: (i) Purchase of securities of a value in excess of the money with the purchaser. (b) “Depository” refers to the National Securities Depository Limited. 1992 and are registered as Stock Brokers with SEBI in terms of the said rules and regulations. 1. (f) “Trading Account” shall mean a rupee account opened by the client with the member broker. Mumbai. over the period of the settlement cycle of the Exchange. respectively. (j) “Demat Account” or “Designated Demat Account” means an account maintained in terms of the Regulation 42 of the SEBI (Depositories and Participants) Regulations. (NSDL) (c) “Online Trading” means carrying on the business of stock broking using electronic systems as Order Routing mechanisms to forward orders to the electronic system of the Stock Exchange. (h) “Bank” or “Designated Bank” means any bank as may be notified from time to time on the website. (d) “Exchange” refers to the National Stock Exchange of India Limited. (i) “Bank Account” or “Designated Bank Account” means an account opened. (l) “Pay-in Date” means the day on which the clearing house of the stock exchange receives in the securities and monies due from the members pursuant to their transactions in securities.
2 The clients warrant that they have. The clients are aware that authentication technologies and strict security measures are required for the Internet trading through order routed system and undertake to 30
. (o) “Website” means the website located at URL http://www. All terms regarding the use and modification of such password shall be governed by information on the website. are owned by them and that the title thereof is clear and free of encumbrances.
4. 3. 3. (n) “Terms and Conditions” means the information available on the website under the head “Terms and Conditions” and includes but is not limited to any information available on clicking on any hyperlink to the section named “terms and Conditions” on the said website. The clients state that they have opened a valid and subsisting Demat Account with a designated depository participant.5 The clients warrant that all or any securities deposited by them with the member broker in respect of margin trading requirements or otherwise.karvy.karvy.
REPRESENTATIONS AND WARRANTIES
3.2 All words and terms not defined in this agreement or on the website mentioned above shall take on the same meanings as may be attributed in terms of the SEBI / Exchange Guidelines.1 The member broker shall.1 The clients hereby warrant that they are capable of executing the present agreement and that the terms of the presents are not in contravention of any rights of any party with whom such client has any agreements any time prior to the execution of this Agreement.
1. over the period of the settlement cycle of the Exchange.
2. and state that all details and facts represented to the member broker are true.4 The member broker states that they have complied with all statutory and regulatory requirements to offer the Online Trading Services through the website www. maintain and operate a valid account with a designated bank. a trading password which enables him/her /them to avail of the facilities of Online Trading through the said website.3 The clients agree to provide and continue to provide all details about themselves as may be required by the member broker including but not restricted to PAN Number. Rules and regulations.com 2.com. after registration. 3. permit the registered user.
REGISTRATION AND ACCOUNT OPENING
4.(m) “Pay-out Date” means the day on which the clearing house of the stock exchange pays out securities and monies due to members pursuant to their transactions in securities.
in aggregate exceed teh advance paid by the clients into such trading account or the amount in the bank account and such monies shall be blocked in favor of the 31
3. Open one or more accounts in the name of the registered user in the books of the member broker. claim or any action instituted against the member arising from the misuse of the password by any party. The clients shall authorize the member broker to debit/credit or block his bank account in the manner as per the procedure laid down in the terms and conditions and as per practices followed by the bank in this regard. may register the clients as a registered user of the website and the Online Trading facilities may be made available to the clients.4. The member broker may. The clients shall furnish a duly filled application form to the member broker indicating their intention to transact in securities using the Online Trading facilities on the website. in the manner deemed fit by the member broker. to the extent of the transaction conducted by the said clients any due and payable to the member broker.5
4. The clients also authorize the member broker to create lien on the amount lying in their bank account in the manner specified in the terms and conditions.2 4.
5. The clients shall provide to the member broker. in the format supplied by the member broker.7 4. The services on the website shall be available to the reregistered user subject to the terms and conditions mentioned thereof. a power of attorney authorizing the member broker to debit/credit/block/create lien/pledge clients depository accounts through their authorized personnel. The member broker.3
4. The clients also agree to indemnify the member broker from any loss.
ensure that the password of the client and /or of their authorized representative are not revealed to any third party. TRADING
5.1 TRADING ACCOUNTS
1. The clients agrees that the debit/credit for all the transactions may be effected in this/these accounts.6
4. The clients agrees that all the orders placed by them for securities through the website shall be within the parameters defined and mentioned in the terms and conditions. The clients agree to open a trading account with the member broker. to open one or more trading accounts. injury. or between such accounts. The Clients agree that they shall place orders for the purchase of securities in respect of delivery accounts where the securities to be purchased are of a value that shall not. The clients agree that the member broker may require the clients at any time during the subsistence of the presents.4
4. 2. after satisfying themselves that the pre-requisites have been met by the clients.
shall be valued by the member broker as per the terms and conditions on the web-site. The clients agree that all payments due to the member broker will be made within the specified time and in the event of any delay.
6. thereof shall be borne solely and completely by the clients. The clients agree that alternatively. The clients agrees that member broker shall have the right. The clients agree. He further authorizes the member broker to sell these securities to recover any dues payable by him to member broker. The clients agree that they shall be required to make such margin payments as are payable. they shall be bound by the rules in this regard that are made applicable to them by mention in the terms and conditions on the web-site and as modified from time to time. The clients agree that they shall place orders for the purchase of securities in respect of margin trading. the member broker may. accepted as margins. from time to time. the member broker may charge daily interest at the rate of 2% per month for any delay in the payment charges.
member broker by the bank. at any time during the subsistence of this agreement. square off such transactions and the costs/losses if any.
7. if any. Such margin payments. at their discretion. the member broker may refuse. or the securities in the demat account shall be blocked in favor of the member broker. as per the time schedule prescribed by the member broker by mention on the terms and conditions. to carry out transactions on behalf of the clients.
. margin or any other sum due to the member as may be applicable.
8. if any.2 BANK ACCOUNT
1. to give any instructions to the banks with whom they have affiliations or any other arrangement. The clients agree that the member broker may. in respect of the account of the clients maintained with such bank. as the case may be. at any time during the subsistence of any arrangement relating to the subject matter of the presents. at their sole discretion.
5. shall be payable in cash or securities as specified by the member broker in the terms and conditions or any section of the web-site and modified from time to time.4. Provided that the securities. The Client authorizes member broker to pledge these securities with exchange to meet margin/capital adequacy requirement of member broker. The clients agree that they shall have no cause of action in respect of any instruction that may be given to the bank in respect 32
2. require the clients to open one or more accounts with a designated bank. that without prejudice to any other remedy or right prescribed in the presents. The clients agree that the debit/credit for all the transactions may be effected in this/these accounts.
2. as may be applicable.4 ORDERS
1. any circumstance or for any reason. any request made through or on the web-site shall be sufficient for the member broker to execute an instruction. for any reason or informs the member broker of any misdemeanor or transgression by the clients in the operation of the account or in any other circumstance resulting in the closure or in operation of the said bank account with the designated bank. The clients agree that if. to open one or more demat accounts.
4. between the parties hereto.3.
5. maintain and operate a valid demat account with the designated depository participant. The clients agree that all the orders placed through the web-site shall be forwarded by the system to the National Stock Exchange Limited. to the bank with whom such clients maintain bank accounts pursuant to the presents. without assigning any reason thereof.
5. The clients agree that the debit/credit for all the transactions are to be effected in this/these accounts.
5. Notwithstanding anything contained in any other agreement or arrangement. and the clients shall have no remedy therefrom.
. if any. The clients agree that the member broker may require the clients. The clients shall agree that in the event that the designated bank terminates the agreement with the clients in respect of the bank account maintained by the clients with such designated bank.
of their accounts maintained with such bank in pursuance of the presents. The clients agree further.3 DEMAT ACCOUNT
1. against specific request in that behalf made in the manner and following the procedure laid down in the terms and conditions. the Order may be rejected. in respect of the arrangement between the parties. the market closes before the acceptance of the Order by the Exchange. the clients hereby authorize the member broker to release all payments due to them from the trading account maintained with the member broker. The clients agree to open. that the 33
2. at their discretion terminate services to the clients and the clients shall have no remedy therefrom. reveal information available with the member broker in the course of the arrangement with the clients. and without issuing any notice of the same to the clients. For the purposes of this clause. the member broker may. at any time during the subsistence of any arrangement relating to the subject matter of the presents. The clients agree that the member broker may.
which are larger that those specified by the member broker's risk management. The member broker may inform the clients of the acceptance or rejection of the order placed by the clients through the web-site. notifications. if the order is not accepted on the web-site for any reason. irrespective of the amount in the balance of the account of the clients. or pursuant to any terms/arrangement between the clients and the member broker or the clients and the depository participant. regulations and bye-laws of the Exchange as are in force pertaining to the transactions on their behalf carried out by the member broker and the orders place by them on the web-site. a facility for reconfirmation of orders. whether such arrangement is executed prior to or during the subsistence of this Agreement. Bye-laws or legislation of any regulatory authority. including but not limited to the non-availability of funds in the trading account of the clients. rules. suspension of scrip-specific trading activities by or on an Exchange and the applicability of circuit breaker to a scrip in which orders are placed through the web-site. nonavailability of securities in the Demat account of the clients with a designated depository participant. The member broker. or pursuant to any of the terms mentioned in this Agreement. reject any order placed on the web-site due to any reason. and is also aware that the member broker has the discretion to reject the execution of such orders based on such risk perception. 4. at their sole discretion. The clients agree that. insufficiency of margin amount if the clients opts for margin trading. the clients agree that the order shall remain declined and shall not be reprocessed in any event. 5. 7. the member broker shall have the right to treat the order as having lapsed. may at their sole discretion permit clients to use the web-site for the routing of their orders in respect of securities. 6. The clients agree to abide with and be bound by all the Rules and Circulars that the member broker may issue from time to time. 3. The clients agree further that the member broker shall have the right to reject any order placed by the clients for any reason and at any time without notice to the clients. 9. The clients are aware that the member broker has provided on the web-site. and all rules. and the reason therefor within the twenty four hours of the placing of such order through the electronic mode at the e-mail id provided by the 34
. Provided that the order placed by the clients can only be rejected by the member broker in the event of impossibility. 8. circulars. The clients agree that the member broker shall not be liable or responsible for non-execution of orders placed through the web-site due to the failure of any system or link or due to any other reason whatsoever.member broker may reject Orders if the same are rejected by the Stock Exchange for any reason. 10. regulations. In case of rejection of an order due to rejection by the Exchange. The member broker may.
if any. All authentication of the authority of a client to instruct the member broker to deal on behalf the client shall be determined by the terms in this regard mentioned on the web-site. 2. However. (b) Delivery arising from an order placed from the web-site in respect of a margin trading account. The systems used by the member broker for providing Online Trading services are generally capable of assessing the risk of the clients as soon as the order comes in. 3.5 CLEARING AND SETTLEMENT
1. which are in the no-delivery period. Losses. Provided that if the order placed by the clients through the web-site is for securities. such securities shall be credited to the trading account of the clients only at the time of settlement of trades. as per the schedule of the exchange. Any and all instructions issued by an authorized representative of the clients shall be binding on the clients in accordance with the letter authorizing the said representative to deal on behalf of the clients. 35
. 12.clients while registering for the service on the web-site or as modified thereafter. 11. (a) If any sum is due from the clients the member broker may withhold the credit of securities to the said Demat account of the clients with the designated depository participant. if any incurred as a result of non-delivery of securities on the settlement date on the exchange. The Exchange may cancel a trade suo motu without assigning any reason thereof.
5. In the event of such cancellation the member broker shall be entitled to cancel the relative contract or contracts. that may accrue in the event of a default in completing the delivery on the Exchange by the member broker resultant of a delay in the delivery by the clients. with the clients. may not be credited to the demat account of the clients but will be disposed of in a manner prescribed in the terms and conditions. Losses for the purposes of this clause shall include auction debts. if any. Any sale delivery not made to the member broker at the time of trade must be made at least forty-eight hours prior to the payout date in respect of the settlement in which such purchase is made. The member broker may directly credit the demat account of the clients with the designated depository participant for the purchase of the securities by the clients within forty eight hours of the receipt of the securities from the exchange on the pay-out day. shall be borne solely and completely by the clients.
3. c) Arbitration in terms of this agreement. 3. The clients agree that the member broker shall not be required to provide the clients with any form of legal.7
1.7. the member broker shall be entitled to any or all of the following courses of action: a) Immediate termination of this agreement and provision of services in terms of this agreement. if any. 4. 2. b) Other remedies as may be available in terms of the law for the time being in force.6
DEFAULT AND CONSEQUENCES THEREOF
1. accounting or tax related advice. In the event of a default of this agreement by a clients. by suitable modification to the terms and conditions.
5. All securities in the demat account opened in terms of this agreement with a designated depository participant.
5.1 and 5. The clients agree that they shall be deemed to have defaulted terms of this agreement in circumstances including but not restricted to the following: (a) Any delay in payment of margins. 36
.5. d) Charge of an amount that shall not exceed the actual losses incurred by the member broker consequent to the default along with the interest at market rates. at their discretion. (b) Any contravention of the terms contained in the presents. or in respect of any other obligation that clients may have to the member broker. The enforcement of the lien aforementioned in clauses 5.8
1. The clients authorizes the member broker to block securities against pending order or pledge securities in favor of the member broker against any of the dues. shall be subject to lien for the discharge of any or all payments due to the member broker from the clients or any other obligation that the clients may have to the member broker and may be held by the member broker as a security against default by the clients in respect of the services already availed of by the clients. Provided that requirement may be waived y the member broker. 2. charges or delivery in respect of this agreement for transactions executed on behalf of the clients. or misleading information supplied by the clients to the member broker. (c) Any misrepresentation or false statement or omission. All the funds of the clients in the bank account shall be subject to lien for the discharge of any or all payments due to the member broker from the clients. The member broker may terminate the services made available to the clients at any time and without issuing any notice or assigning any reason thereof.2 shall be at the sole and complete discretion of the member broker and the member broker alone may decide the securities to be sold.7.
at the address mentioned in this agreement or at any other address expressly informed to the member broker by the clients. The clients agree that that shall be bound by all or any changes or modifications that are made to this agreement by the member broker. or any other person by the member broker. The clients agree that the member broker may at any time terminate the services available on the website on the basis of which this agreement is drawn and such termination of services for any reason shall not be in contravention of the presents. In the event that such termination occurs the member broker shall not be required to issue any notice to the clients or assign any reasons thereafter. 2. 4. Such contract note shall be dispatched by the member broker by courier or through any other mode specified in the terms and conditions mentioned on the website. 6. The clients agree to be bound by the guidelines. including the rules pertaining to the adjustment of shortages in clients positions in securities transacted on behalf of such clients. at its sole and complete discretion. All modifications to this Agreement shall be made solely at the discretion of the member broker and shall be intimated to the clients by a suitable modification to the terms and conditions or other applicable section on the website.10
1. 1992 within twenty four hours of the execution of the trade. The clients agree that all decisions with regard to the amount that may be placed as margin. The client agrees that a modification to the information in the terms and conditions section on the website or any other applicable section and a display of the modification for the duration of the applicability of such modification 37
5. wither through orders placed through the use of the Online Trading services of the member broker or otherwise as may be issued by the member broker from time to time. 5.
5. The clients agree that all the transactions executed pursuant to an order placed on the website shall be subject to the rules of the clearing house of the exchange and that all trades shall be settled through such clearing house. The clients agree that a modification to the terms and conditions on the website shall amount to a valid modification of the presents. the exposure available to the clients as against the funds available in the bank account and the authorized trading limit shall be decided by the member broker at their sole discretion and no reasons thereof are required to be given to the clients. The clients agree that none of the services available on the website shall amount to investment advice on the part of the member broker. 3. 7.9
1. 2. The member broker shall issue contract notes in terms of the SEBI (Stock Brokers and Sub Brokers) Rules and regulations.2.
6. Service Tax. all or any of their rights and /or obligations in terms of this agreement to any person or entity including but not limited to their affiliates.3
The clients agree that the member broker may debit the demat account charges payable to the depository participant to the trading account of the clients maintained with the member broker. Tax Expenses incurred. associates or sister companies. as applicable. and it shall be the duty of the client to bear out of their funds.1 The member broker shall be indemnified by the client in case of any action initiated against the member broker by the party not privy to this contract.2
The clients agree that the member broker may charge User Fees for the use of any other service including but not restricted to the Online Trading Services. Turnover Charges.1
TERMS OF CONSIDERATION
COMMISSIONS AND BROKERAGE
All commissions and charges leviable on transactions in securities pursuant to orders placed on the website shall be payable at rates mentioned on the website and as may be modified from time to time. to take note of such modification.
7. all costs. Stamp Duty. shall be sufficient notice to the Clients.
7. Margins etc. losses and expenses which any such member broker may incur or may become liable to 38
The member broker may charge any other relevant charge in the manner intimated on the website from time to time including but not limited to Trade Commission. transfer or otherwise alienate.11
The client agrees that Karvy stock broking Limited may at any time during the subsistence of the presents without requirement of issuing any notice to the clients.to the circumstances of the clients.
6. by executing an agreement or in any other manner. at a rate mentioned on the website and as may be modified from time to time. assign.
by reason of any event in the course of the use of the said services by the client. However. subject to Clause 8 above. bye-laws 39
. the dispute shall.
8. as far as possible be settled with the help of the officials of the exchange and if no such settlement is possible the parties hereby agree to refer such dispute to arbitration in accordance with the rules.
10. 9. such as fire.2 In the event of death or insolvency of the client or his otherwise becoming incapable of receiving and paying for or delivering or transferring securities which the client has ordered to be bought or sold.
10. this agreement shall stand terminated. 7. civil commotion.1 If any dispute arises between the Parties hereto during the subsistence of this Agreement of thereafter. war. TERM AND TERMINATION
The member broker shall not be responsible for delay or default in the performance of their obligations due to contingencies beyond their control. failure of Internet links or government/regulatory actions. and/or the terms and conditions as may be prescribed. failure of the system. implementation or alleged breach of any provision of this Agreement. in connection with or related to the validity.3 In the event of any Governmental action or action from any regulatory authorities debarring the member broker from carrying on business or rendering it impossible to transact the business of broking or online trading. costs and be entitled to any surplus which may result therefrom.
9. strikes. 9. the member broker may close out the transaction of the client and the client or his legal representative shall be liable for any losses. earthquake.1 Both parties shall be entitled to terminate this agreement at will and without giving any reasons to the other party but not without giving a notice in writing of not less than one month that shall be despatched to the addresses mentioned in this agreement. 9. such cancellation or termination shall not have any effect on any transaction(s) executed prior to the date of such notice of termination and the rights and obligations in respect of such transactions shall continue to subsist in terms of this agreement.pay.2 This Agreement shall become effective on the date first written above. and shall remain in full force until and unless terminated. flood.4 The rights and obligations of the Parties under this Agreement which by their nature survive the termination of this Agreement shall not be extinguished by the termination of this Agreement. interpretation.
The member broker and client hereby agree that they shall co-operate with the exchange officials and provide all relevant documents in their possession so as to expedite the settlement through the arbitration process.
All trades. transactions and contracts are subject to the rules and regulations of the exchange and depository and shall be deemed to be and shall take effect as wholly made. any rules. : : : DIRECTORY/AUTHORISED SIGNATORY :
APPLICABILITY OF LAW
The provisions of this agreement shall always be subject to Government notifications. Client :_______________________________________________________ (First Holder Name) Signature : _______________________________________________________ Witness By :_______________________________________________________ Signature :_______________________________________________________ Broker By Signature Title Witness : KARVY STOCK BROKING LIMITED.
11.and regulations of the said stock exchange. regulations and guidelines issued by SEBI and the Stock Exchange rules. regulations and Bye-laws that may be in force from time to time.
12.2 The member broker and the client hereby agree that they will assist and co-operate with each other in ensuring faster settlement of any arbitration proceedings arising out of the present agreement or from the provision of the online trading services by the member broker and will accept arbitration awards in respect thereof. entered into and be performed in the city of Hyderabad and the parties to such trade shall be deemed to have submitted to the jurisdiction of the Courts in Hyderabad for the purpose of giving effect to the provisions of the Rules and regulations of the exchange and the bye-laws and business rules of the depository. 10.
registered with NSDL and CDSL. ranks among the top 5 stock brokers in India. managing over 2 crore accounts.000 active accounts. India. Karvy ranks among the top player in almost all the fields it operates. Karvy Computershare Limited is India’s largest Registrar and Transfer Agent with a client base of nearly 500 blue chip corporate. With over 6. Karvy Stock Brokers Limited.PROFILE OF BROKING HOUSE IN THE STOCK MARKET
The Karvy group was formed in 1983 at Hyderabad. member of National Stock Exchange of India and the Bombay Stock Exchange. it ranks among the top 5 Depositary Participant in India. Karvy Insurance Brokers is registered as a Broker with IRDA and ranks among the top 5 41
.00. Karvy Comtrade. Member of NCDEX and MCX ranks among the top 3 commodity brokers in the country.
Karvy Realty Services. Equity and debt financing are usually used for longer-term investment projects such as investments in a new factory or a new foreign market. e. if any.
MEANS OF FINANCING
Financing a company through the sale of stock in a company is known as equity financing. Karvy has 575 offices over 375 locations across India and overseas at Dubai and New York. Karvy is also among the top Mutual Fund mobilizer with over Rs.insurance agent in the country. Alternatively. Trade financing is provided by vendors and suppliers who sell their products to the company at short-term. unsecured credit terms. subscriptions and insurance
MARKET SHARE ANALYSIS
Security Bond Stock ♦ Common stocks ♦ Preferred stocks Share Mutual funds Par value v s. but the bad news is that you are also expected to bear the losses. which started in 2006. usually 30 days.000 highly qualified people staff Karvy. Bearish
OTHER BENEFITS OF INVESTING IN SHARES?
Because they can make big money on it. Registered with AMFI as a corporate Agent. 5. Market value Bullish v s. Unofficial financing known as trade financing usually provides the major part of a company's working capital (day-to-day operational needs). Over 9. Compared to your investments in fixed deposits in banks it makes more profits. in the realty sector.g. Karvy Global offers niche off shoring services to clients in the US. 42
. debt financing (for example issuing bonds) can be done to avoid giving up shares of ownership of the company. Customer provided financing exists when a customer pays for services before they are delivered. has quickly established itself as a broker who adds value.000 crores under management.
In India most of the indices are using wealth index for computation of stock market. Liquidity.e. Company No.) on (Rs. IPO's) Trade in the Secondary Market. Stock exchanges
WHO SELECTS THESE STOCKS?
They are selected by the Index committee. Listed history
COMPUTATION OF STOCK INDEX:
A stock market may either be a price index or a wealth index.) 09/02/06 18/02/06 10 20 20 20/30/100/200/600/2000/2800/30/40/150/300/800/3000/4100/-
TATA INFOSYS IBM TOTAL MARKET CAP
. Industry representation. Continuity. i.e. of Market PriceMarket cap Market PriceMarket cap shares on (Rs.
1) Possibility of high returns 2) Easy liquidity 3) Unbeatable tax benefits 4) Income from dividends
SO HOW DOES ONE BUY SHARES?
There are basically two ways in which you can invest in shares: Purchase shares from the primary market (i. Some of the criteria they follow include: 1) 2) 3) 4) 5) Market capitalization.
kotak securities ltd has been the largest in IPO distribution.428
OTHER MARKET RUNNERS :-
Kotak securities ltd is India leading stock broking house with a market share of close to 9% as on 31 march 2007.Face value=Rs.10/Base value=100/Index present value=(100*4100)/2800= 146. The company has a full fledged research division involved in macro economic studies sect oral research and company specific equity research combined with a strong and well networked sales force which helps deliver current and up to date market information and news Kotak securities ltd is also a depository participant with national securities depository limited and central depository service limited .providing dual benefits
Sharekhan.com was launched in 2000 . Kotak securities have 813 outlets servicing more than 315000 customers and a coverage of 277 cities. Portfolio management from kotak securities comes as an answer to those who would like to grow from exponentially on the crest of the stock market.services where in the investor can use the brokerage services of the company for executing the transactions and the depository service for settling them.sharekhan online trading and investment site www. Sharekhan Bag round network includes over 250 centers across 123 cities in India and having around 120000 customers and equal number of demat customers. with the backing of an expert.sharekhan. Sharekhan won the award by vote of customer around the country. as part of India largest consumer study cover 7000 respondents 21 product and service across 21 major cities.NSE derivatives commodities depository services online trading and investment advice . the study initiated by awaaz India first dedicated consumer channel and member of the world wide CNBC network and ac Nielsen 45
. the retail broking arm of SSKI group and one of the largest stock broking house in the country has won the prestigious awaaz consumer vote awards 2005 for the most preferred stock broking brand in India.. Kotak securities com the online division of kotak securities limited offers internet broking services and also online IPO and mutual fund investment A Kotak security limited manages assets around 2300 crores of assets under management. The portfolio management service provides top class service catering to the high end of the market. in the investment advisors category Share khan equity related services include trade execution on BSE.
indiainfoline. providing a one-stop solution for clients trading in the equities market. straddle the entire financial services space with offerings ranging from Equity research. Portfolio Management Services. It offers broking services in the Cash and Derivatives segments of the NSE as well as the Cash segment of the BSE. India Infoline Limited and its wholly-owned subsidiaries. Commodities trading. viz.com/and http://www. Mumbai (BSE) and the National Stock Exchange (NSE) and is also a member of both the exchanges. Mutual Funds.org marg was aimed at understanding the brand preference of the consumer and to decipher what are the most important loyalty criteria for the consumer in each vertical In order to select the award recipient spontaneous responses rather than prompted responses were garnered with an intention to glean unbiased preferences. It has recently launched its Investment banking and Institutional Broking business. The reason behind the preferences for brands were unveiled by examines the following: • • • Tangible features of product /service Softer. the Stock Exchange. intangible features like imagery. comprising the holding company. It has more than 800. equity driving preference Tactical measures such as promotional /pricing schemes
The India Infoline group.000 customers India Infoline Limited is listed on both the leading stock exchanges in India.5paisa. Fixed deposits. Equities and derivatives trading. Life Insurance.com/ The company has a network of 758 business locations (branches and subbrokers) spread across 346 cities and towns. GoI bonds and other small savings instruments to loan products and Investment banking. Wealth Advisory Services and Portfolio Management Services. It is engaged in the businesses of Equities broking. India Infoline also owns and manages the websites http://www. It is registered with NSDL as well as CDSL as a depository participant.
online and Strategic tie-ups with latest technology partners to facilitate trading access and direct processing across more than 900 Branches spread over 310 cities . national and international agri-information is disseminated through the company's large branch network. Client-focused philosophy backed by memberships of all principal Indian Stock and Commodity Exchanges makes Bonanza a preferred service provider in the Industry for value based services.
Emkay offers futures trading through "Emkay Corporate Services (P) Ltd. Mumbai (MCX) National Commodity and Derivative Exchange. Key elements that place Bonanza amongst the leading Brokerage Houses and make it the preferred service provider for value based financial services are:
A Client-driven foundation and strategy committed to client-specific investment needs and objectives. We have membership with two of the major Commodity exchanges of the country. Local. Mumbai (NCDEX)
Large numbers across the country participate in the futures market through Emkay's rapidly expanding online trading terminal network extending to even remote areas.
Multi Commodity Exchange of India Ltd.". Seminars. free in house literature and interactive site sessions raise awareness levels on the futures market.Bonanza is a leading Financial Services & Brokerage House with acknowledged industry Leadership in execution and clearing services on Exchange Traded Derivatives and cash market products. Integrated and innovative use of Technology enabling clients to trade offline. 47
Focus on customer-first-attitude. As at June 30. they had 486. 2008. was founded in 1987 as a small sub-broking unit. had a network spread over 450 cities and towns comprising 1. research-based value investing and implementation of cutting-edge technology has enabled us to blossom into an almost 2000 member team. Today they are a well diversified financial services firm offering a range of financial products and services such as
• • • • • • • •
Wealth Management Broking & Distribution Commodity Broking Portfolio Management Services Institutional Equities Private Equity Investment Banking Services and Principal Strategies
They have a diversified client base that includes retail customers (including High Net worth Individuals).
Motilal Oswal Securities Ltd. large numbers of informed participants enter the trading process resulting in increased volumes and market efficiency. foreign institutional investors. with just two people running the show. 2008. They are headquartered in Mumbai and as of June 30. financial institutions and corporate clients.Consequently.648 registered customers.
.496 Business Locations operated by their Business Partners and them. respect for professionalism. ethical and transparent business practices. mutual funds.
Religare Enterprises Limited (REL), is one of the leading integrated financial services groups of India. REL’s businesses are broadly clubbed across three key verticals, the Retail, Institutional and Wealth spectrums, catering to a diverse and wide base of clients. REL offers a multitude of investment options and a diverse bouquet of financial services and has a pan India reach in more than 1550 locations across more than 460 cities and towns. As part of its recent initiatives, the group has also started expanding globally and has acquired London’s oldest brokerage & investment firm, Hichens, Harrison & Co. plc. Following this acquisition Religare now proposes to operate out of 10 countries. With a view to expand, diversify and introduce offerings benchmarked against global best practices, Religare has entered into joint ventures with the global major- Aegon for its Asset Management and Life Insurance businesses in India. Religare’s wealth management subsidiary is now rechristened as Religare Macquarie Wealth Management Limited, following a joint venture with the Australia based financial services major, Macquarie Bank. Religare has also partnered with Vistaar Entertainment to launch India’s first Film Fund. The vision is to build Religare as a globally trusted brand in the financial services domain and present it as the ‘Investment Gateway of India’. All employees of the group guided by an experienced and professional management team are committed to providing financial care, backed by the core values of diligence and transparency.
Indiabulls is India’s leading Financial Services and Real Estate company having over 640 branches all over India. Indiabulls serves the financial needs of more than 4,50,000 customers with its wide range of financial services and products from securities, derivatives trading, depositary services, research & advisory 49
services, consumer secured & unsecured credit, loan against shares and mortgage & housing finance. With around 4000 Relationship Managers, Indiabulls helps its clients to satisfy their customized financial goals. Indiabulls through its group companies has entered Indian Real Estate business in 2005. It is currently evaluating several large-scale projects worth several hundred million dollars. “Indiabulls Financial Services Ltd is listed on the National Stock Exchange, Bombay Stock Exchange and Luxembourg Stock Exchange. The market capitalization of Indiabulls is around USD 6,300 million (31st December, 2007). Consolidated net worth of the group is around USD 905 million (31st December, 2007). Indiabulls and its group companies have attracted more than USD 800 million of equity capital in Foreign Direct Investment (FDI) since March 2000. Some of the large shareholders of Indiabulls are the largest financial institutions of the world such as Fidelity Funds, Goldman Sachs, Merrill Lynch, Morgan Stanley and Farallon Capital. Business of the company has grown in leaps and bounds since its inception. Revenue of the company grew at a CAGR of 159% from FY03 to FY07. During the same period, profits of the company grew at a CAGR of 184%. Indiabulls became the first company to bring FDI in Indian Real Estate through a JV with Farallon Capital Management LLC, a respected US based investment firm. Indiabulls has demonstrated deep understanding and commitment to Indian Real Estate market by winning competitive bids for landmark properties in Mumbai and Delhi.” Indiabulls Financial Services Ltd
AnandRathi is a leading full service securities firm providing the entire gamut of financial services. The firm, founded in 1994 by Mr. AnandRathi, today has a pan India presence as well as an international presence through offices in Dubai and Bangkok. AR provides a breadth of financial and advisory services including wealth management, investment banking, corporate advisory, brokerage & distribution of equities, commodities, mutual funds and insurance, structured products - all of which are supported by powerful research teams. 50
The firm's philosophy is entirely client centric, with a clear focus on providing long term value addition to clients, while maintaining the highest standards of excellence, ethics and professionalism. The entire firm activities are divided across distinct client groups: Individuals, Private Clients, Corporate and Institutions and was recently ranked by Asia Money 2006 poll amongst South Asia's top 5 wealth managers for the ultra-rich. In year 2007 Citigroup Venture Capital International joined the group as a financial partner
The Hem Group is one of the largest broking network in india. It provides trading platform in all the leading exchanges namely – BSE, NSE, MCX & NCDEX. GROUP COMPANIES HEM SECURITIES LTD. - MEMBER (BSE,CDSL) & CATEGORY 1 MERCHANT BANKER HEM FINLEASE PVT. LTD. - MEMBER (NSE) HEM MULTICOMMODITIES PVT. LTD. - MEMBER (MCX, NCDEX) HEM FINANCIAL SERVICES LTD. - NBFC REGISTERED WITH RBI RAJMALA FINLEASE PVT. LTD. - MEMBER (BSE)
Achieving excellence through superior services
More than 28 years of rich experience One of the largest broking network in the country covering 16 states with more
than 325 outlets
More than 28 years of rich experience One of the largest broking network in the country covering 16 states with more
than 325 outlets
Leading IPO and MF Distributor Pan-India
. what clients find best and advantageous is its warehouse of knowledge and research in equities and commodities. its own sound net-worth has been the other important business assets at the HEM GROUP
The Angel Group of Companies was brought to life by Mr. Mr. Apart from faith and confidence of clients. which of course adds to their amours in making investment decisions. of numerous investors have been gained through transparent & highly reliable financial services over the last 27 years period.
One of the Biggest Depository Participant with CDSL Dedicated In-house Research Department Robust & Hi-tech Trading Platform Ethical & Transparent Business Practices
Featured in India’s Leading Equity Broking Houses 2008 by Dun & Bradstreet At Hem. he recognised the opportunity offered by the stock market to serve individual investors. Real strength of HEM has been the faith and confidence of its clients in its organizational commitment and performance. Dinesh Thakkar. Under his leadership. more effective and affordable services to retail investors. Thakkar is valued for his understanding of the economy and the stockmarket. Angel became the first broking house to embrace new technology for faster. The print and electronic media often seek his views on the market trend as well as investment strategies. He ventured into stock trading with an intention to raise capital for his own independent enterprise. However. Thus India’s first retail-focused stockbroking house was established in 1987. This faith and confidence.
Karvy fortune gives the opportunity to associate with “Karvy Family” as Franchisee. Karvy Stock Broking Ltd. technology support team to serve it’s customers in 24/7 manner Associate with Karvy Fortune.000+ trades in NSE/BSE per day.
Karvy is an established stock broking firm with a strong customer base all over India. It offers complete Karvy’s spectrum of financial products. Angel is also registered as a Depository Participant with CDSL. Angel is committed to providing ‘Real Value for Money’ to all its clients. The Angel Group is a member of the Bombay Stock Exchange (BSE). Karvy would like to reach out to more investors across the country. building a good distribution channel through Business Partner/Associates Who is Business Partner/Associate?
. Angel has emerged as one of the most respected Stock-Broking and Wealth Management Companies in India. or as an Independent Financial Advisors.Angel Broking's tryst with excellence in customer relations began in 1987.
Introduction of Organization
About Karvy Fortune:Karvy Fortune a business opportunity for individuals in similar business from Karvy. a correlate opportunity from India’s foremost financial services provider. Remisser.
Remisser of Karvy stock Broking Ltd. National Stock Exchange (NSE) and the two leading Commodity Exchanges in the country: NCDEX & MCX. Remisser or as an Independent Financial Advisors please enroll your details. Karvy has a top notch research team. with the enormous net work of over 500+ branches in 375 locations across India and overseas at Dubai. executes 150. Karvy ranks among 5 stock brokers and Depositary Participants in India. Today. With its unique retail-focused stock trading business model. advisory team. it gives the opportunity to associate with “Karvy Family” as Franchisee.
Connectivity and communication facilities including leased line. 2. ISDN line. Interior work. b. As a Business Associate of Karvy. furniture and Name Board conforming to the design. Sub-broker registration in SEBI/Exchanges through KSBL is compulsory with out which the remittance of accrued brokerage to franchisee will be kept on hold till registration is complete 3. Remisser or as an Independent Financial Advisor. telephone line etc duly approved by KSBL. a. Karvy is associated with gamut of financial services and products. Karvy offers you to join our family as Franchisee/Business partners. Capacity to invest in setting up & maintaining the infrastructure & manpower required for carrying on the business as specified below at their own expense. colours and standards approved by KSBL c. As we offer one stop investment solution. customers will have the option of deciding the right investment products of their choice. 54
KARVY FRANCHISEE PLANS :
Revenue Sharing Structure:
Eligibility Criteria to enter into a Relationship as a Business Associate:
1. Own or leased premises with requisite power supply and support facilities including LAN duly approved by KSBL in writing. you will actively promote and market our services and products and keep our customers updated of the forthcoming new products and schemes.Karvy is looking for like-minded people who wish to serve the customers with utmost reliability and fervor. An individual/ company/ partnership firm with good track record & reputation in financial services/other business/social circles with a good client base.
In case the connectivity is through VSAT. the full cost of the VSAT including setting up costs. Product Support: Broking through BSE (Cash & F&O). 4. Signature of Marketing Manager Signature of Business Associate
Franchisee Package Offered by KARVY
1. Back Office Support: Centralized Web based back office support through a dedicated Customer Service Executive assigned to you for routine queries through Chat-Phone.Emails. 00. Any other equipment or installations necessary for carrying on the business without interruption.with KSBL (Equities) 2. database and other software including back office software required for the operations at franchisee’s premises.d.000/-
a. The sub-broker/ employees of corporate/firm should hold valid NCFM certificates for Cash. 2. 3. f. Setup Support: Initial Glow sign flex material & Initial Visiting Cards will be provided by KSBL as per charges applicable. letter heads will be provided by KSBL and digital contract notes will be delivered to the franchisee’s id as per charges applicable. e. F&O and ensure that NCFM certificate holder in person has to sit on trading terminals in whose name the terminal ID has been generated.DP services through NSDL. NSE (Cash & F&O) . Refundable Deposits for each outlet: Total INR 3. 4. All stationary items bills.
Commercial Terms & Conditions:1. Business Development: Product research. Charges Details: . INR 3. 00. Sales Support: A Relationship Manager will be assigned to you for regular Research advice & Market Updates through Chat/Phone/Emails/Personal meetings. CDSL.Per Outlet Connectivity Charges Two options for Connectivity:55
. 5. marketing & business development support on a regular basis to encourage knowledge based selling. Legally licensed operating system.000/.
Payment delayed by 3 days will be charged @ 18% for both cash & F&O segment. Taxes: Securities Transaction Tax and other exchange charges & taxes as
applicable will be levied. the sub-broker code is stamped prominently in the box indicating Sub-broker / Sub-agent Codes on all application forms (for MF/IPO) that are used by them. 7500/P. b. 5000 per month for each outlet.Rs.Rs. 3. Revenue Sharing: BROKERAGE SHARING RATIO (EQUITY) KSBL: 40% BUSINESS PARTNER: 60% 4. exclusively for KSBL .04% On Turnover Derivative Segment ( F&O & Commodities) Trading 0. etc. However any further delay.On broadband the Connectivity and Back office Charges will be Rs.40%
Other Terms & Conditions:
1. The Brokerage accrued will be returned to the SUBBROKER on a monthly basis subject to receipt of audit report. c. 110000/(Including Site visit and Installation) Monthly Recurring Charges for Back office and Bandwidth: . OR b. Broadband: . 2.
.04% On Turnover Cash Segment (BSE & NSE) Delivery 0.a.VSAT One time Cost: . 3. V SAT: . Exclusivity: As a Business Associate of KSBL you are required to sell all the products promoted by the company which includes IPO. Payment Terms: a. The franchisee has to ensure that for payments. the amount will be debited to SUBBROKER. PMS.M. MF. Minimum Brokerage to be charged to end clients: Segment Type Brokerage Rate Applicable Cash Segment (BSE & NSE) Trading 0.
2. An individual/ company/ partnership firm with good track record & reputation in financial services/other business/social circles with a good client base. NSE (Cash & F&O). DP services through NSDL. 57
. AMFI & Derivatives) Signature of Marketing Manager Signature of Business Associate
Eligibility Criteria to enter into a Relationship as a Business Associate (Remisser):
1. Certifications: Sub broker and his/her employees have to clear NCFM examination (Cash.4. Sub-broker registration in SEBI/Exchanges through KSBL is compulsory with out which the remittance of accrued brokerage to remisser will be kept on hold till registration is complete. 5. CDSL. 2. Product Support: Broking through BSE (Cash & F&O).
Business Partner Package Offered by KARVY
1. Sales Support: A Relationship Manager will be assigned to you for regular Research advice & Market Updates through Chat/Phone/Emails/Personal meetings. Change in sub brokerage: The above rates of sub-brokerage payable to the sub broker are subject to modification from time to time to be mutually agreed between KSBL and the franchisee. The sub-broker/ employees of corporate/firm should hold valid NCFM certificates for Cash. F&O and Commodity segments and ensure that NCFM certificate holder in person has to sit on trading terminals in whose name the terminal ID has been generated. 3.
All stationary items bills. Setup Support: Initial Glow sign flex material & Initial Visiting Cards will be provided by KSBL as per charges applicable.
2.Emails. Revenue Sharing: BROKERAGE SHARING RATIO (EQUITY) KSBL: 60% BUSINESS PARTNER: 40% 3. 58
. However any further delay. Payment Terms:
Commercial Terms & Conditions:1. Business Development: Product research.with KSBL (Equities) 2. Back Office Support: Centralized Web based back office support through a dedicated Customer Service Executive assigned to you for routine queries through Chat-Phone.3. Payment delayed by 3 days will be charged @ 18% for both cash & F&O segment. The Brokerage accrued will be returned to the SUBBROKER on a monthly basis subject to receipt of audit report. There will be no sharing of brokerage in proprietor/partner/directors trading account with Karvy. 4. letter heads will be provided by KSBL and digital contract notes will be delivered to the remisser id as per charges applicable.04% On Turnover Derivative Segment ( F&O & Commodities) Trading 0. Refundable Deposits : Total INR 50.04% On Turnover Cash Segment (BSE & NSE) Delivery 0. marketing & business development support on a regular basis to encourage knowledge based selling.40%
Other Terms & Conditions:
1. 5. the amount will be debited to SUBBROKER b.000/. Minimum Brokerage to be charged to end clients: Segment Type Brokerage Rate Applicable Cash Segment (BSE & NSE) Trading 0. INR 50. c. Taxes: Securities Transaction Tax and other exchange charges & taxes as applicable will be leived.
furniture and Name Board conforming to the design. telephone line etc duly approved by KDMSL d. Exclusivity: As a Business Associate of KSBL you are required to sell all the products promoted by the company which includes IPO. f. Legally licensed operating system. colours and standards approved by KDMSL c. etc. 5.3. a. Capacity to invest in setting up & maintaining the infrastructure & manpower required for carrying on the business as specified below at their own expense. Certifications: Sub broker and his/her employees have to clear NCFM examination Cash & Derivatives
TIN – FC
Eligibility Criteria to enter into a Relationship as TIN Facilitation Centre with Karvy Data Management Services Limited. b. Own or leased premises with requisite power supply and support facilities including LAN duly approved by KDMSL in writing. exclusively for KSBL. database and other software required for the operations at second party’s premises. PMS. Change in sub brokerage: The above rates of sub-brokerage payable to the sub broker re subject to modification from time to time to be mutually agreed between KSBL and the Remissers.
Support given by Karvy Fortune to setup TIN Facilitation Centre
. Interior work.
1. MF. Connectivity and communication facilities including leased line. 4. An individual/ company/ partnership firm with good track record & reputation in financial services/other business/social circles. ISDN line. Any other equipment or installations necessary for carrying on the business without interruption. 2.
. To entice the other market existing franchisee to select Karvy plan. Setup Support: Initial Glow sign flex material & Initial Visiting Cards will be provided by KDMSL as per charges applicable. To find out the strengths of the Franchisees plan. C) For additional User ID (Optional) Rs. To suggest the possible amendment to the plan of Karvy.
2.500/.000/.P. To make the people move aware about market. To find out weaknesses of the Franchisees plan.1. Charges Details:A) One time registration cost INR 2. 500/.Rs. Product Support 2.(Indian Rupees Two thousand only) B) Monthly Recurring Charges for Back office and Bandwidth: . Back Office Support 3.per Id /per month
RESEARCH METHODOLOGY AND LIMITATION
Title of Study:-
“Franchisee & Remiseship Development in Karvy”
Duration of Project:26-05-2009 to 04-07-2009
Objective of the research project
• • • • • • • To explore the franchisee of Karvy in Delhi region To comparatively learn the franchisee plans of Karvy.
lot of efforts have undergone for the research by meeting various people and asking them about their experience . The various sources are: i.” For this our research contains two partsa. DATA SOURCES Data was collected from primary and secondary data. To sale the products we have to first generate database on the basis of marketing research. questionnaires that act as tools for collecting data. DEFINING THE OBJECTIVES:
The aim of this project as has already been mentioned was to “building new business associates and bringing potenital customers and giving guidance to the customers who are already being working in the market and moreover checking out the problem (if any) being faced by business associates. b.various people have undergone huge losses in the stock market lot of material has been collected from the internet. DEVELOPING THE RESEARCH PLAN:
This step called for decision on the data sources. The research methodology consisted following steps:
2. PRIMARY DATA
This type of data does not exist.
.Type of Research Plan
Problem is complex and real in nature. it is originated by primary sources like personal interaction or field back forms. Analysis of different schemes of share market. sampling plan and contact methods.
The Analysis of survey has been done on % basis. talking with people and convince.
2. Secondary data means that to get the data from the internet. company magazines. which is adopted.
1. talking with people. We collect the secondary data through Internet. SAMPLING METHOD:
The sampling method. the information is collected. But other approaches also used such as observation research. Primary data tells us present scenario of financial market. various company broachers. books.
Base on the above questionnaire data are collected by survey methods. COLLECTING THE INFORMATION
With respect to primary and secondary data. RESEARCH APPROACH The research approach adopted here was the survey method. and used to generate information as required. is Random Sampling.
This type of data already exists. journals and magazines of the company.
The sample size taken was 60. The target group of the respondent was job holders and an earning person whatever his/her age may be.
For the purpose of analysis a sample size of respondents was selected..
The present investigation is a descriptive and marketing type of study undertaken to estimate the comparative study of share market analysis.PRIMARY DATA
The primary data to be selected was based upon the response of the respondents to the questionnaire designed. All the views and data obtained were also interpreted as clearly as possible. and the final data was analyzed systematically to achieve the desired result. percentage method was used. The questionnaire designed was given to us from our immediate boss. Another part comprised of the self-designed questionnaire and will consist of closed ended questions with every question having its own importance and meaning.. The present study identifies views of customers & analysis of share market along with the selfanalysis.
The secondary data was collected by referring through web sites. DATA ANALYSIS For analyzing the data obtained after conducting the survey. The questionnaire consists of closed ended questions. A part of Questionnaire was targeted to know the personal details of the respondents.
.The sampling method chosen for the project was “Random Sampling”.
COMPARATIVE ANALYSIS AND INTERPRETATIONS ANALYSIS OF MALES AND FEMALES SURVEYED: BRIEF ANALYSIS
The diagram helped us in judging the number and percentage of males and females after conducting the survey. it was found that out of customers were males and was females. This type of sampling is also known as chance sampling or probability sampling where each and every item in the population has an equal chance of inclusion in the sample and each one of the possible samples. This procedure gives each item an equal probability of being selected. Thus. we came to know that 73% of the users were males and the remaining 27% were females.
lot of efforts have been undergone to improve the predication techniques . They play it like gambling and they think that its same it is difficult to change their mindset.80 70 60 50 40 30 20 10 0 1s Qtr t Male F ale em
LIMITATION OF STUDY
. Once the people who are involved in it.like earlier there was only fundamental analysis being used but now technical analysis has come into existence 2.
provide trading through both NSE & BSE.
. Last of technical thing are involved in it difficult for everyone to go through it. Delhi Company’s Plan was good on the following ground: * Karvy is a top-ranked company listed with NSDL and CDSL.
It’s difficult to make people aware about the market knowledge it is very vast.3.
Our findings during the training with Karvy Stock Broking Limited.
* Karvy is providing software to their prospective sub broker and Remissers. * Bunch of services like: 1) Product support 2) Back Office support 3) Set Up support 4) Sales support 5) Business Development
Recommendation and SUGGESTIONS:
Though the Karvy Stock Broking Limited have a very good ascribed plan with exclusive band of opportunities but as nothing is free from the hurdles therefore there are few shortcomings which I felt makes Karvy fail to achieve its target of activating new Franchisee in the Jaipur region these pitfalls are as follows :1) The Brokerage charges. 2) The initial investment for the sub broker ship (4 lakhs) is also high. 67
. are quiet high. * Cheque updating in 15 mins. 4 paisa and 40 paisa for intraday and delivery respectively. * Good alternative plan (Remissers) to get a new connection with a renowned company. And the credit limit up to 10 times.
3) The percentage of sharing of brokerage which are Sub broker ship: 60:40(sub: kar) Remissers : 40:60(rem: kar) Should be negotiable up to some extent. 5)The bound for the prospective client regarding TIN FC that is those who are interested in taking TIN FC they must also take the equity as well. 4) The tentative norm regarding the location of the offices i. no other Franchisee will be their under the 3 km area of already existing Franchisee. Our suggestion (50:50) for Remissers and (70:30) for sub brokers hip.
Sub Broker Main Broker Address Contact No E-mail
1) Since how long have you been in stock industry?
Office Space…… 68
of India? 10) Do you want more details about TIN Facilitation Center? PAN. which is the key of success of broking business? 8) Do you think IPO & PAN card processing can be a potential product for your earning & acquiring new database? 9) Do you require alternative & consistent earning source through the channel of TIN-FC of Income tax Dept. TAN & E-TDS Processing) YES/NO Thank You
.2) Trading facility to end-clients: on-line / Off-line / Both 3) Do you require brand name to develop your business? Highly agreed /Agreed /Not required 4) What are the products you can offer to clients. Equity / Commodity / MF / Life & Non-Life Insurance of all companies 5) What Support you require from your broker to promote the business & what are the key strengths of your broker? a) ___________________________________________________________ ________ b) ___________________________________________________________ ________ 6) What are the problems you are facing with present broker? a) ___________________________________________________________ ________ b) ___________________________________________________________ ________ 7) Do you require a regular & consistent source of new client acquisition & new database. of Govt.
karvy.in www.themanagementor.co.amfiindia.com www.nsdl.indiacorporateadvisor.com www.com www.com www.com 70
Books & newspaper: Economic times Financial management (khan and jain) Capital market
www.com www.com www.sharekhan.